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Collinson and CAPA Report Expects Travel to Resume to Pre-COVID Levels After 2023

Collinson and CAPA Report Expects Travel to Resume to Pre-COVID Levels After 2023
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US$440 billion business travel black hole for airlines | Business Travel News Europe

CAPA questions whether some carriers will survive

SMEs and domestic demand to lead business travel recovery, industry experts say

SMEs, which have more flexibility and faster decision-making than larger corporations and multinationals, could drive a near-term recovery for business travel, according to a panel of SME representatives at the CAPA event. SMEs will start to travel before the large corporates because corporates will have a more sophisticated plan, they have to get approvals and they like to play it more safe than SMEs, said Danny Lau, managing director of Kam Pin Industrial. SMEs take more flexible arrangements and they’re ahead of the curve to go visit overseas clients if the location is open for travel. Further complicating companies decision-making for air travel is the price volatility of plane ticket fares, said

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